Arrived in the UK, sold house abroad, bought in funds to UK

Arrived in the UK, sold house abroad, bought in...

Didn't find your answer?

A New Zealander arrived in the UK recently to live permanently. 

She sold her family home in NZ which finally completed and exchanged after she arrived in the UK. 

Therefore, she transferred a considerable amount of money to the UK, part savings, part from selling her home, 6 months after arriving here.  

How would this money to treated from the UK point of view if at all?

Replies (1)

Please login or register to join the discussion.

avatar
By mark hodges
26th Apr 2012 16:47

its a remittance

but a remittance of capital, so of no UK tax significance, but do keep the relevant paperwork so it can be proved to HMRC if needed.

If it is a significant amount there may be some planning opportunities if the client is non domiciled.

Thanks (0)